It's an exercise bike. Take a look at the website, if you're having serious doubts. Its price tag is US$10,000.00. An Italian designer and professor of graphic and computer arts named Luca Schiepatti produced this fashionable item.
It comes across to me as a piece of art or sculpture that a wealthy collector would purchase and place in a prominent part of his penthouse or mansion that would serve far more as a conversation-piece among his equally wealthy admiring guests, than it would as functional fitness equipment.
I have to say though, it's one nice-looking piece of artwork that would take up a very small footprint wherever it's kept. The makers say that the seat and handlebars are adjustable and that a display is located at the top of the one stationary wheel.
YouTubing the bike turned up videos that were all essentially the same and not providing what I was looking for—a run-down of the display's features, info on the amount of resistance the bike can provide and a demo of someone exercising on it (not that one with a model in a mini dress grinning uselessly and pedaling slowly).
Here's a short video (in Italian) of the bike on display with two others. If you can understand Italian, I'd be interested in knowing what the guy's saying.
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